News on Indian Economy
The gross GST revenue collected in the month of October 2021 is ₹ 1,30,127 crore of which CGST is ₹ 23,861 crore, SGST is ₹ 30,421 crore, IGST is ₹ 67,361 crore (including ₹ 32,998 crore collected on import of goods) and Cess is ₹ 8,484 crore (including ₹ 699 crore collected on import of goods).
Army dedicated 150 feet long bridge connecting nine villages of Machhal sector in the frontier Kashmir district of Kupwara during “Machhal Mela” celebrations which came to an end after two months with several fun fare programmes and games on Sunday.
Tata Power and Tata Steel, the two flagship companies of the Tata Group, have come together to develop grid-connected solar plants in Jharkhand and Odisha. The two companies have signed a Power Purchase Agreement (PPA) for a duration of 25 years to set up 41MW solar project, which will be a combination of rooftop, floating and ground mounted solar panels. Under the project, Tata Power will develop Photo Voltaic (PV) capacities for Tata Steel at Jamshedpur (21.97MWp) and Kalinganagar (19.22MWp).
CAIT secretary general Praveen Khandelwal said a recent survey conducted by the body’s research arm in 20 ‘distribution cities’ showed that so far no orders for Diwali goods, firecrackers, or other items have been placed with Chinese exporters by Indian traders or importers.
Rome/New Delhi India and Italy have agreed to explore development of green hydrogen, setting up renewable energy corridors, and joint projects in the natural gas sector as the two nations sought to strengthen partnership in energy transition.
Consequent upon successful commissioning, first part capacity of 17.5 MW of 100 MW Ramagundam Floating Solar PV Project at Ramagundam, Telangana, is declared on Commercial Operation w.e.f. 12:00 Hrs. of 28.10.2021.
The process also switches over the raw material from hematite to magnetite, which contains a much higher amount of pure iron at 72.4%. Magnetite ores comprise more than 30% of India’s iron ore deposits, which are heavily underutilized. Offering the highest iron recovery, magnetite sponge iron can be a revolutionary turn in the Indian metallurgical industry, said Soumitra Mohanty, the executor of the successful trials of the above project.
Russia’s Sinara Transport Machines (STM) has commenced work to assemble RTM-32 machine sets at the production site of San Engineering & Locomotives in India.
India received its first import of liquefied natural gas (LNG) from Russia’s Yamal LNG project over the weekend, Refinitive Eikon LNG flows data showed.
Shri Reddy said that recently, the Ministry of External Affairs on the request of the Ministry of Tourism has appointed dedicated 20 Tourism Officers in Indian Missions abroad. This will enable us to widely promote Indian tourism in countries such as Australia, Canada, USA, France, Germany, and Gulf Countries. “India’s civilisation heritage goes back to many thousands of years and this Azadi Ka Amrit Mahotsav is also an opportunity to pay a tribute to all those people that fought for the preservation of our heritage”, he added.
